“In Q1 2017, we delivered better results compared to late 2016, due to the recovery of demand from Indian rough diamond consumers after a temporary decline caused by the monetary reform. The Company’s margins were affected by the rouble appreciation. But what I would like to emphasize here is the success of our cost control programme, which ensured a minimum increase in our production costs”, – said Sergey Ivanov, Chief Executive Officer of PJSC ALROSA.
